Investigation Overview
July 22, 2013 (Shareholders Foundation) - An investigation on behalf of investors of Mattel, Inc. (NASDAQ:MAT) shares over potential securities laws violations by Mattel, Inc. and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Mattel, Inc. (NASDAQ:MAT) concerning whether a series of statements by Mattel, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Mattel, Inc. reported that its annual Total Revenue rose from over $5.43 billion in 2009 toover $6.42 billion in 2012 and that its respective Net Income increased from $528.70 million to $776.46 million.
NASDAQ:MAT shares grew from under $19 in late 2009 to as high as $47.09 per share on July 12, 2013.
Then on July 17, 2013, Mattel, Inc. reported its second quarter 2013 financial results.
Shares of Mattel, Inc. (NASDAQ:MAT) declined from over $17 on July 12, 2013, to $41.91 per share on July 22, 2013.